Every 10-K that Nocera, Inc. (NCRA) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow NCRA and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NCRA filings page.
Nocera, Inc. (NCRA) filed Amendment No. 2 to its annual report for the year ended December 31, 2025, restating management’s discussion and financial statements in response to SEC comments and prior misstatements. The company operates mainly fish trading and e-commerce segments via VIE structures in Taiwan and China and has exited certain legacy operations.
For 2025, Nocera generated $11.03 million in net sales, down from $12.12 million in 2024, and reported a net loss attributable to shareholders of $2.96 million, improved from a $4.47 million loss. Operating cash outflows were $2.58 million, funded by significant external financing, including $7.21 million of financial liabilities at fair value and $2.64 million of Series B convertible preferred stock, resulting in year-end cash of $7.95 million.
The company sold 80% of its economic interests in Meixin for $420,000, recognizing a $155,263 loss and classifying Meixin as discontinued operations due to a strategic shift, and earlier sold SY Culture for $550,000 with an $87,603 gain. The auditor highlighted substantial doubt about Nocera’s ability to continue as a going concern given accumulated losses, negative operating cash flows, and reliance on financing. Management also outlines a new corporate treasury strategy emphasizing Bitcoin beginning in 2026.
Nocera, Inc. filed Amendment No. 1 to its Annual Report for the year ended December 31, 2025 to correct errors in previously reported consolidated financial statement amounts. The updated report reflects restated figures but does not otherwise change earlier narrative disclosures.
The company operates primarily through a Fish Trading segment in Taiwan and an E-Commerce segment, while RAS production and a catering VIE have been discontinued. In 2025, net sales were approximately $13.63 million compared with approximately $17.01 million in 2024, and Nocera recorded operating losses of $2,669,493 and $4,944,026 for 2025 and 2024, respectively, leading auditors to express substantial doubt about its ability to continue as a going concern. As of December 31, 2025, working capital was $7,583,695 and accumulated deficit was $26,188,471.
Recent financing included the August 2025 issuance of 3,500 shares of Series B Preferred Stock for $3.15 million and a November 2025 senior secured convertible note with $8,000,000 principal for a $7,280,000 purchase price, both convertible into common stock subject to ownership limits. The company also allocated $2.0 million in January 2026 to acquire approximately 12 Bitcoin as part of its treasury strategy and received a Nasdaq deficiency letter in February 2026 after its stock traded below the $1.00 minimum bid price, triggering a compliance period through August 3, 2026.
Nocera, Inc. files its annual report describing a year of lower revenue, continued losses and a going concern warning. Net sales were approximately $13.63 million for 2025, down from about $17.01 million in 2024, with operating losses of $2.67 million.
The company focuses on two main segments: fish trading in Taiwan and live-streaming e-commerce, while using its recirculating aquaculture systems expertise only for design and consulting. It sold its catering VIE and bought stakes in two e-commerce businesses and 35% of French company LONGWOOL.
Nocera strengthened liquidity with a $3.15 million Series B preferred stock financing and an $8.0 million senior secured convertible note, but auditors expressed substantial doubt about its ability to continue as a going concern. In early 2026 it deployed $2.0 million of corporate cash into Bitcoin and later received a Nasdaq notice for failing to meet the $1.00 minimum bid price requirement.
Nocera, Inc. (symbol: NCRA) filed an amended Form 10-K (10-K/A) dated 6 May 2025 to restate Note 25 – Segment Reporting for the fiscal year ended 31 December 2024. The XBRL excerpt shows the company reclassified and re-tagged data across multiple equity classes (Common Stock, Series A Preferred, additional paid-in capital, statutory reserves, accumulated other comprehensive income, non-controlling interests) and identified three primary operating segments – Fish Trading, Catering, and E-Commerce – along with an “All Segments” consolidation member.
The amendment introduces srt:RestatementAdjustmentMember tags for full-year 2022 and 2023 and for each 2024 interim period, paired with srt:ScenarioPreviouslyReportedMember tags, indicating comparative figures have been corrected. Numerous customer, supplier, and geographic concentration members (e.g., Five Customer, Supplier A, country:CN) are listed, suggesting enhanced disclosure of concentration risks, although no quantitative revenue, profit, or cash-flow amounts are provided in the excerpt.
The filing appears limited to correcting segment-level disclosure errors; no additional narrative, financial statements, or earnings data are included here. Investors should review the full 10-K/A to understand the magnitude of the adjustments and any potential control deficiencies that led to the restatement.